According to Josh Stevens, Vice President of Engineering at Polymarket, with the assistance of ZachXBT, BitcoinVN, and ChangeNOW, the private key leak incident has frozen $164k, accounting for approximately 28.6% of the total transferred amount of $572,000. The incident did not affect Polymarket/UMA smart contracts, and user funds remain secure with normal platform operations. Preliminary investigations indicate that the incident originated from a private key leak that has existed for about six years, which was used for internal recharge configurations. Funds continue to flow to the affected addresses, and the team is still tracking the remaining stolen funds.

MarsBitNews

2026-05-22 15:50:22

Abstract generation in progress

Mars Finance news: Polymarket engineering vice president Josh Stevens disclosed that, with the assistance of ZachXBT, BitcoinVN, and ChangeNOW, $164,000 in funds has already been frozen in the Polymarket private key leak incident, accounting for about 28.6% of the total $572,000 transferred. Josh said this incident did not affect Polymarket or UMA smart contracts; users’ funds are safe and the platform is operating normally. The investigation shows the incident was caused by a private key that has existed for about 6 years being leaked; the private key was used for internal recharge configuration, causing funds to be continuously sent to the affected address. Currently, the relevant teams are continuing to track the destination of the remaining stolen funds.

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MoonlightColdWallet

· 3h ago

ChangeNOW cooperating with freezing? Rarely is a CEX this proactive

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MosaicBow

· 4h ago

ZachXBT is back at it again; the on-chain detective lives up to its reputation.

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GateUser-04e4dac2

· 14h ago

Keeping the private key for 6 years without changing it raises serious security concerns.

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VolatilityInATeacup

· 14h ago

BitcoinVN this time coordinated quite quickly, the efficiency over in Vietnam is good

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雾里看TVL

· 14h ago

The Vice President of Engineering personally disclosed, giving full marks for transparency

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0xCaffeine

· 14h ago

UMA oracle was unaffected, DeFi Lego stability is still okay.

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GateUser-9008328f

· 14h ago

Polymarket contracts were unaffected, which is a relief; users don't need to panic.

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ReorgSurvivor

· 14h ago

Internal recharge configuration uses a private key; isn't this design inherently problematic?

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RouterRunner

· 14h ago

Tracking remaining funds? Mixing services are basically a dead end.

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